Octopus Energy raises long-term investment to value startup at $5bn
by Jillian Ambrose from Environment | The Guardian on (#5SWY2)
Tie-up with Canada Pension Plan is power supplier's second big investment since start of energy crisis
Octopus Energy has raised $300m of investment to value the power supplier at $5bn - despite soaring energy prices that have triggered a wave of collapses among its rivals.
The long-term tie-up with Canada Pension Plan (CPP) Investment Board is the second big investment in Octopus Energy since the start of the energy crisis during which dozens of smaller supply rivals have folded.
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